No Deal Brexit According to J.P. Morgan, the risk of a no-deal Brexit remains real and stands at 35%. Image: J.P. Morgan

Probability of Global Recession The probability of a global recession among asset managers is greater than 50%. Image: Financial Times

Ifo Business Expectations Index Lead German GDP Chart suggesting that the Ifo Business Expectations Index leads German GDP by 3 months. Image: Nordea and Macrobond

S&P 500 and Leading Economic Index (LEI) This chart shows that stimulus has saved the U.S. stock market each time. Saved once again? Image: Stifel

Central Banks Hiking/Cutting Policy Rate A race to the bottom in global interest rates? Central Banks policy rates have started to decline again. Image: BofA Merrill Lynch Global Research

MSCI World EPS and South Korea Exports Chart showing the quite good correlation between MSCI World EPS and South Korea exports, and suggesting this does not bode well for MSCI World EPS. Image: Nordea and…

S&P 500 and Pre-Election Year In pre-election years since 1950, the chart suggests that the U.S. stock market doesn’t bottom until Thanksgiving. Image: Ryan Detrick, LPL Financial LLC

Global PMI Cycles Interesting table showing global PMI cycles: if investors get the global PMI right, they do well. Image: Pervalle Global

Japan – Explaining 10-Year Yields Great chart suggesting that demographics explain Japan’s 10-year yields. An R² of 0.87 is quite high and significant. Image: Arbor Research & Trading LLC

Cass Freight Index and U.S. GDP The Cass Freight Index suggests first signs of manufacturing activity bottoming out. Image: Macronond, SEB X-Asset Research

World Economy – Industry as Share of Total GDP Industry represented 25% of the world’s GDP in 2018, and a larger percentage of GDP in emerging countries than in developed countries. Image: howmuch.net